Queen Creek Stats - The difference between Queen Creek homes in Maricopa County and Pinal County. If you didn't already know, part of the Town of Queen Creek is in Maricopa County and part of the town is in Pinal County, and there are significant differences in the two.
|Queen Creek||Median Price 2008||Median Price 2009||Median Price Change 2008-2009||Overall Sales 2008||Overall Sales 2009|
As you can see, Queen Creek homes in Maricopa County are selling for a lot more than Queen Creek homes in Pinal County. Part of the reason for this is that Queen Creek in Maricopa County includes everything north of Empire Blvd., and west of Meridian. This part of Queen Creek includes Ellsworth Road, which is the main downtown area, and also includes where the town offices are located, as well as new shopping centers, strip malls, and restaurants. Much of the property in that area near downtown Queen Creek was agricultural land that was subdivided into large acred lots. There were many custom or semi-custom built homes on those properties that started around 2000. Many of these homes were built before the housing boom of 2005 and 2006, but they also included neighborhoods like Rancho Jardines and Sossaman Estates. Many of the average size homes in these neighborhoods are over 3,000 square feet, and/or the property sits on a acre of land.
The Pinal County side of Queen Creek is further east, as well as south of Empire mainly along the Hunt Highway. Although this area is nice, this area tended to develop more tract homes in residential neighborhoods. They include the community of Johnson Ranch and San Tan Heights, and are not as close in proximity to shopping, employment, or entertainment. It is still a developing area comercially because of the large number of homes that have been built in that area. These homes tend to be on even smaller than standard sized lots, and average closer to 2,000 square feet or smaller.
So, as you can see by the chart above, the Maricopa County Queen Creek homes are almost selling for double what the Pinal County Queen Creek homes are selling for, but the Pinal County homes are selling at a rate of almost 4 to 1 over the Maricopa County Queen Creek homes.
|Queen Creek Foreclosure Resales||Traditional Resale Median||Foreclosure Resale Median||Traditional Resales||Foreclosure Resales|
What is interesting about this foreclosure table above is that the foreclosures in the Maricopa County area of Queen Creek are holding their values better than the foreclosures in the Pinal County area of Queen Creek. Queen Creek in Maricopa County is only seeing a drop of 2.6 percent between traditional resale and foreclosure resale median prices, while Queen Creek in Pinal County is seeing a 9.1 percent difference. Also interesting is even though Queen Creek in Pinal County is averaging almost four times the number of overall sales (see table 1), they are experiencing fewer traditional resales and foreclosure resales than Queen Creek in Maricopa County. I'm not sure what to think of this last statistic, but overall when you are buying a home in Queen Creek, you need to know whether you are buying it in Maricopa County or Pinal County. There are many factors other than sales price that make up the difference between the two; such as utilities, property taxes, and fire and police service, as well as overall quality of life to consider. There is truly a difference between Queen Creek in Maricopa County and Queen Creek in Pinal County.